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TS Hospitality Services

Active
Private limited companyfounded 2023active for 3 yearsKantersteen 47, 1000 Brussel, Belgium264 active companies are registered at this addressKBO/BCE: BE 0804.149.103

From the official registers: KBO 2 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

TS Hospitality Services has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€3.8m) and a net result of -€3.8m. Its solvency ranks better than 5% of 885 sector peers (NACE 55, financial year 2025). The computed 12-month bankruptcy probability is 1.4% (low).

Risk analysisFollow ReportCompare
TS Hospitality ServicesActiveChecked score 53/100
Risk analysis ReportCompare

Overview

Official details

KBO
Status
Active since 20-07-2023 Normal situation
Legal form
Private limited company
Registered office
Kantersteen 47, 1000 Brussel
Activity
Hotels and similar accommodation NACE 55100
Establishment units
2.347.675.954 1000 Brussel, since 20-07-2023
2.369.058.912 1000 Brussel, since 06-11-2024
Financial year end
31 December
Peppol
Reachable since 30-12-2025
Company details

Who decides

Board
  • PHIREMAChair · permanent representative Philippe Berlamont
  • GAR CONSULTDaily manager · permanent representative Jean-Philip Vroninks
  • Fuse Finance SàrlDirector · since 01-01-2025 · permanent representative Damien Rensonnet
  • Luc Leroi SărlDirector · since 01-01-2025
Auditor
Deloitte Réviseurs d'entreprise SRL
Shareholders
Board & ownership

How it is doing

53 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
1.4%
Annual accounts 2025
Gross margin
-€3.6m
▼ 13,945%
Loss
€3.8m
▲ 145×
Equity
-€3.8m
▼ 14,453%
Total assets
€1.9m
▲ 73×
Net result -14,353%: other schema2025 accounts 29 days early
Filed on 02-07-2026at the National Bank
Financials
Why 53raises riskCapped at 59: negative equityLoss of €3.8m, the second in a row (financial year 2025)Negative equity -€3.8mlowers riskSize: total assets €1.9mLiquidity: current ratio 0.35, cash €610,334Show the evidence

Checked score

Score 2025
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 13% of its sector peers (NACE 55, micro)
Negative equity caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency 0=
equity -200.6% of total assets
Liquidity 40+36
short-term debt 285.4% · cash 32.1%
Profitability 0=
return on assets -199.2%
Bankruptcy probability, 12 months
1.4% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (2,520 companies, NACE 55, micro)
Last 24 months 11-2024: 2.1% 12-2024: 2.5%▲ +0.4 percentage points vs 11-2024 01-2025: 2.8%▲ +0.3 percentage points vs 12-2024 02-2025: 3.1%▲ +0.3 percentage points vs 01-2025 03-2025: 3.1%● unchanged vs 02-2025 04-2025: 3.0%▼ -0.1 percentage points vs 03-2025 05-2025: 3.0%● unchanged vs 04-2025 06-2025: 3.3%▲ +0.3 percentage points vs 05-2025 07-2025: 3.4%▲ +0.1 percentage points vs 06-2025highest value 08-2025: 3.4%● unchanged vs 07-2025 09-2025: 3.4%● unchanged vs 08-2025 10-2025: 3.4%● unchanged vs 09-2025 11-2025: 3.4%● unchanged vs 10-2025 12-2025: 3.4%● unchanged vs 11-2025 01-2026: 3.4%● unchanged vs 12-2025 02-2026: 3.2%▼ -0.2 percentage points vs 01-2026 03-2026: 3.1%▼ -0.1 percentage points vs 02-2026 04-2026: 2.9%▼ -0.2 percentage points vs 03-2026 05-2026: 2.9%● unchanged vs 04-2026 06-2026: 2.9%● unchanged vs 05-2026 07-2026: 3.0%▲ +0.1 percentage points vs 06-2026 08-2026: 1.4%▼ -1.6 percentage points vs 07-2026 09-2026: 1.4%● unchanged vs 08-2026 10-2026: 1.4%● unchanged vs 09-2026lowest value
No credit on open account
Liquidity insufficient (current ratio 0.35, compared with 0.5 in 2024, below 1; short-term debt: 285.4% and cash: 32.1% of total assets), and equity is negative.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 55, micro): better than 8% on solvency, 37% on liquidity, 5% on profitability and 1% on growth.

The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
raises risk · Loss of €3.8m, the second in a row (financial year 2025)
NBB · annual accounts
lowers risk · Size: total assets €1.9m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Negative equity -€3.8m
NBB · annual accounts
lowers risk · Liquidity: current ratio 0.35, cash €610,334
NBB · annual accounts
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
2425
2024 to 2025 · latest year -€3.8m
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-07-2026, 29 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
29 days early
2024
22 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 26 days before the deadline; the sector median (NACE 55) for financial year 2024 is 1 day before the deadline, and 45% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Where today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2023.
KBO publications · our coverage

Key points

  • Risk: Negative equityfinancial year 2025: debts exceed assets -€3.8m View
  • Caution: Result fell in 2025different schema filed ▼ 14,353% View
  • Caution: Among the weakest 5% on solvencysector median 26.3% · 885 companies -200.6% View

Documents

Annual accounts at the NBB

Acts in the Belgian Official Gazette

All publications in the Belgian Official Gazette

Articles and registers

Key facts about TS Hospitality Services

What is the company number of TS Hospitality Services?
0804.149.103. In Belgium the VAT number is the company number with BE in front: BE 0804.149.103.
Where is TS Hospitality Services based?
The registered office is at Kantersteen 47, 1000 Brussel.Company details
What does TS Hospitality Services do?
According to the KBO register, the main activity is hotels and similar accommodation (NACE 55100).
What is the legal form of TS Hospitality Services?
Private limited company (BV).
When was TS Hospitality Services founded?
On 20-07-2023.
Is TS Hospitality Services still active?
Yes, TS Hospitality Services is an active enterprise in the KBO register.
What is the turnover of TS Hospitality Services?
The annual accounts for financial year 2025 state no turnover.Financials
Is TS Hospitality Services profitable?
In financial year 2025, TS Hospitality Services made a loss of €3.8m.
Where can I find the annual accounts of TS Hospitality Services?
TS Hospitality Services filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts at the National Bank
When are the next annual accounts of TS Hospitality Services due?
By 31-07-2027, for financial year 2026.Timeline

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